Loan / EMI Calculator
Find your monthly payment (EMI) for any loan by entering the amount, annual interest rate and term in years. This calculator uses the standard amortization formula that banks use, so the monthly figure it gives is the real repayment for a fixed-rate loan, whether that is a mortgage, car loan, or personal loan. Beyond the monthly payment, it shows you the total interest you will pay over the life of the loan and the total amount repaid, which is often the eye-opening number that helps you compare offers or decide on a term. Adjust any input to instantly see how a lower rate or shorter term changes the cost. All math runs locally in your browser.
How to use Loan / EMI Calculator
- Enter the loan amount.
- Enter the annual interest rate.
- Set the loan term in years or months.
- Read the monthly payment, total interest and total repayment.
Frequently asked questions
What is EMI and how is it calculated?
EMI is the equated monthly installment, a fixed monthly payment. It uses the standard amortization formula from the loan amount, the monthly interest rate and the number of months.
What does total interest mean here?
It is the sum of all interest you pay over the full term, equal to total repayment minus the original loan amount.
Does the monthly payment stay the same every month?
Yes, for a fixed-rate loan the EMI is constant. Early payments are mostly interest and later ones are mostly principal.
What is Loan / EMI Calculator?
Find your monthly payment (EMI) for any loan by entering the amount, annual interest rate and term in years. This calculator uses the standard amortization formula that banks use, so the monthly figure it gives is the real repayment for a fixed-rate loan, whether that is a mortgage, car loan, or personal loan.
Is Loan / EMI Calculator free to use?
Yes. Loan / EMI Calculator is completely free, with no sign-up and no usage limits.
Does Loan / EMI Calculator work in a web browser?
Yes. Loan / EMI Calculator runs in any modern web browser. There is nothing to download or install.
Is my data private with Loan / EMI Calculator?
Yes. Loan / EMI Calculator runs entirely on your device in your browser, so nothing you enter is uploaded to a server.
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